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Philadelphia Semiconductor Index Falls 19% From June Peak, Down 4.3% on July 16

2026-07-17 10:01:39

JPN225-2.54%

The Philadelphia Semiconductor Index dropped 4.3% on July 16, marking a 19% decline from its June 22 peak and approaching the 20% threshold for a technical bear market. All 30 component stocks declined, with the index recording a week-to-date loss of 8.43%, its worst weekly performance since last year's tariff-related selloff. Individual chipmakers faced sharp pressure, including Taiwan Semiconductor Manufacturing Company, with Asian markets following suit as Japan's Nikkei 225 fell 4%.

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